Parameters
Maximum gearing Up to 90% of cost & 70% of GDV
Loan size From £10m up to £750m
Margins from 3.8%
We consider each potential development project on its own merits but below gives an indication of some key considerations when appraising a new Retirement living scheme.
- Borrower experience in the Retirement living sector
- Location of asset e.g. proximity to amenities
- Demand for Retirement living in the locality
- Potential for supply and demand rebalancing in the near term
- Operator experience
- Viability of exit plan e.g. refinance or sale